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Australia’s property market continued its upward momentum in July, with every capital city posting gains, according to Cotality’s Home Value Index. The combined capital cities saw a 1.6% monthly rise, marking the sixth consecutive month of growth, while regional centres showed signs of slowing, growing 1.7% for the June quarter compared to 1.8% for capitals.
Darwin led the charge with a 2.2% increase, followed by Perth (0.9%), and Brisbane and Adelaide (0.7%). However, growth is now steady rather than accelerating, said Tim Lawless, Cotality’s research director, citing a balance between low supply, falling interest rates, and affordability constraints.
“Growth rates are holding a little above half a percent since May,” Lawless noted, “as confidence rises but affordability and uncertainty linger.”
A notable trend is the widening gap between detached houses and apartments, with a 32.3% value difference, or roughly $223,000. Despite lower price points in the unit sector, buyer demand remains tilted toward standalone homes.
This shift reflects evolving buyer preferences and market dynamics, as capital cities reclaim dominance in value growth while regional areas stabilize. Analysts suggest that while the market remains buoyant, affordability and supply will shape its trajectory through the rest of 2025.
